The reliable mobile leaker didn't provide word when the pair of devices may launch, but said they're dubbed M1 and S1 internally at Google -- likely different screen sizes.
Android N is Google's latest version, currently available in a preview to developers.
The new report lines up well with rumors in the past, which pegged HTC as the next Nexus manufacturer. It's believed HTC will include "Force Touch" technology on the handset, sensing the level of force pushed on the screen, like the Apple Watch.
Google uses the Nexus program as a way for it to pair with an Android OEM and show new ideas for the Android ecosystem. Currently, Google is paired with Huawei and LG for the Nexus 6P and Nexus 5X. Google also offers a 9-inch Nexus tablet, currently made by HTC.
We will be looking to Google I/O in May to hear Google's latest mobile developments.